Choreo LLC Has $1.44 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Choreo LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,655 shares of the transportation company’s stock after buying an additional 4,114 shares during the quarter. Choreo LLC’s holdings in Delta Air Lines were worth $1,436,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines in the third quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new position in Delta Air Lines in the fourth quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter valued at approximately $31,000. Finally, Modus Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $68.14 on Friday. The stock has a market cap of $43.97 billion, a P/E ratio of 12.78, a PEG ratio of 0.78 and a beta of 1.36. The stock has a 50 day simple moving average of $63.93 and a 200 day simple moving average of $54.60. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.28 EPS. Research analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.88%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,863 shares of company stock valued at $8,649,150 in the last three months. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Bank of America lifted their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. UBS Group reiterated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.